May 3, 2013 4:00am PDT
with trader dan deming of stutland equities. dan, what market signals are you seeing? - well angie, i tell you right now, you look at the comeback that the market had yesterday after the initial kind of sell- in-may mentality that kicked in a little bit on may 1st. we saw the market weakness, and we did see some hedging going on as far as the vix is concerned. we saw a big buyer of the may 16 calls rolling into may 1st. but ultimately yesterday we saw the market rally and go to new highs as far as the spx. just slightly, but still new highs. nasdaq breaking out now to a 12.5-ear high after yesterday's move. rolling into unemployment, we are still seeing some concerns out there, but ultimately right now, the fact that we were able to recoup the initial drop on may 1st bodes pretty well, i think, at least rolling into unemployment. - i love this market, i love what it's doing for people's portfolios, but i am concerned here, because i find myself saying things like we did back in the 2000's and 90's: "how you make money in this market? just get up in the morning." that's not a good thing, right?
May 2, 2013 4:00am PDT
to have you on this show. - good morning angie. - there has been a lot of chatter going into the ecb rate meeting today. how big of a deal is this to the market, or is it just a lot of chatter? - i think it is a lot of chatter. however, draghi has been on the tack that he is going to do anything it takes for the market. if he pulls anywhere back from that statement, this will cause the market to sell like we saw yesterday. yesterday we saw a very controlled sell-off. if he does not deliver and does not keep his word that he will do anything that it takes, it will cause our markets to go into a little bit more selling pressure. - we are post- the u.s. fed, so what is the take-away for traders? - you know, i think the traders here, i think the market is priced for perfection. i think what you want to look at is that i don't know how much higher we can go. i'm not predicting a top. but what you have to look at is that the odds of the market going higher, the risk is to the downside here, and i think that is the way that you have to look to trade it. either you want to be neutral, observing t
Apr 30, 2013 4:00am PDT
shapiro, president of mws capital. good morning to you, matt. - good morning, angie. - you made a call on this show that the s&p 500 would go to 1600 this year. it seemed unfathomable at the time, but here we are sitting just below that. you get 20 seconds to do an almost-victory lap. and will we cross over by, say, june? - well, i think we will. now, of course, the question is, will we have that spring-summer swoon correction? i don't know. obviously we can't go up this fast forever. i would obviously like to see the rate of appreciation slow down a little bit. but you know, just some time here and there, even if the market trends at these levels, comes down a little bit or comes back, we are setting the stage, obviously, for a forecast, really, of stronger economic growth over the next couple quarters, which will justify the rise. - i also wanted to get your take on herbalife. on one hand, you have a hedge fund shorting it. on the other, someone going long - a couple guys going long, in fact. what would be your play here, or would you stay away? - they had earnings last night that we